SSC JE Mechanical Engineering 2017 Set 2 Paper

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Question : 65 of 200

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Which of the following is true with respect to SMC (Short run marginal cost) and AVC (Average Variable cost) ?

AVC curve cuts the SMC curve from above at the maximum point of SMC.
SMC curve cuts the AVC curve from above at the maximum point of AVC.
AVC curve cuts the SMC curve from below at the minimum point of SMC curve.
SMC curve cuts the AVC curve from below at the minimum point of AVC.

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